FRP Holdings AI Stock Analysis
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FRP Holdings (FRPH) AI Stock Analysis
FRP Holdings
(NASDAQ:FRPH)
FRPH's overall score of 54 reflects a company in transition, weighed down by current profitability challenges but supported by a debt-free balance sheet and a long-term growth strategy. The most significant factor is the severe income statement deterioration, with net income nearly vanishing, which heavily pressures the Financial Performance and Valuation scores. The bearish technical trend further confirms market skepticism. Positively, the earnings call reveals a robust industrial development pipeline and record leasing activity that could transform earnings in the coming years, preventing a lower score. The company's zero-debt position is a critical safety net as it navigates near-term capital requirements and refinancing risks.
FRP Holdings (FRPH) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $353.69M
- Dividend Yield
- ―
- Average Volume (3M)
- 111.06K
- Price to Earnings (P/E)
- -482.2
- Beta (1Y)
- 0.28
- Revenue Growth
- 2.57%
- EPS Growth
- -115.75%
- Country
- US
- Employees
- 25
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Services
FRP Holdings Business Overview & Revenue Model
Company Description
FRP Holdings, Inc. is a company actively involved in diverse real estate ventures across the United States. Its operations are structured into four distinct divisions: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture....
FRP Holdings Earnings Call Summary
The call presented meaningful operational progress, led by the strongest leasing quarter since 2021, mining royalty growth, substantial industrial stabilization potential and improved leasing infrastructure. However, current earnings remain under pressure from multifamily weakness, industrial vacancy, development carrying costs, higher G&A, substantial capital needs, upcoming tax obligations and refinancing uncertainty. The positive long-term outlook and near-term financial challenges were broadly balanced.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects Lakeland and Davie to be substantially complete in the fourth quarter of this year, followed by Camp Lake in the first quarter of 2027; Chelsea, Lakeland, Davie and Camp Lake represent approximately 1 million square feet, approximately $12 million in annual recurring pro rata NOI and approximately $7 million in annual FFO at stabilization. The current full year 2026 forecast is approximately $35.8 million of pro rata NOI and $15.6 million of FFO compared with $37.9 million of pro rata NOI in 2025. For Lakeland, Davie, Camp Lake and the 3 merchant projects, approximately $2.1 million of property operating costs and taxes are expected in 2027, with the total effect on FFO approximately $7.1 million, while leasing and mining growth together should offset approximately $2.5 million of that pressure on FFO. At stabilization, the company sees potential for approximately $50 million of annualized pro rata NOI and $20 million of FFO, with approximately $3 million of maintenance capital and projects under development through the remainder of 2026 and approximately $57 million across 2027 and 2028, plus a $20.5 million opportunity zone tax liability coming due in 2027. New development targets a low 7%, call it, 7% to 7.25% return on cost as the minimum threshold and an untrended yield on cost somewhere in the order of 200 plus over the 5-year.
FRP Holdings Financial Statement Overview
Summary
The balance sheet is a fortress with zero debt and $428.9M in equity, providing exceptional financial flexibility. However, the income statement is severely strained, with net income collapsing to near zero and gross margins compressing from >90% to 12.5%. Positive operating cash flow of $16.5M offers some stability, but its 52.6% decline signals deteriorating earnings quality. The score reflects a strong capital base offset by acute profitability weakness.
Income Statement
25NegativeBalance Sheet
90Very PositiveCash Flow
60Neutral| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.55M | 42.85M | 41.77M | 41.51M | 37.48M | 31.22M |
| Gross Profit | 13.35M | 6.72M | 38.34M | 37.86M | 33.36M | 27.47M |
| EBITDA | 12.64M | 18.12M | 22.03M | 21.69M | 20.08M | 65.63M |
| Net Income | -731.00K | 3.33M | 6.38M | 5.30M | 4.57M | 28.21M |
Balance Sheet | ||||||
| Total Assets | 777.21M | 735.14M | 728.49M | 709.17M | 701.08M | 678.19M |
| Cash, Cash Equivalents and Short-Term Investments | 73.18M | 105.36M | 148.62M | 157.56M | 177.50M | 165.84M |
| Total Debt | 231.67M | 192.55M | 178.85M | 178.71M | 178.56M | 178.41M |
| Total Liabilities | 322.43M | 279.49M | 259.37M | 261.19M | 256.87M | 252.94M |
| Stockholders Equity | 429.17M | 428.51M | 423.10M | 414.52M | 407.14M | 396.42M |
Cash Flow | ||||||
| Free Cash Flow | 8.43M | 29.68M | 28.99M | 32.97M | 71.53M | 52.21M |
| Operating Cash Flow | 8.43M | 29.68M | 28.99M | 32.97M | 22.34M | 22.24M |
| Investing Cash Flow | -80.07M | -72.44M | -50.62M | -48.75M | -23.20M | 66.60M |
| Financing Cash Flow | 26.01M | -1.81M | 12.70M | -4.17M | 16.83M | -1.23M |
FRP Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRPH, the sentiment is Negative. The current price of 18.45 is below the 20-day moving average (MA) of 18.86, below the 50-day MA of 20.13, and below the 200-day MA of 22.20, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 54.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRPH.
FRP Holdings Risk Analysis
FRP Holdings disclosed 25 risk factors in its most recent earnings report. FRP Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
2 New RisksFRP Holdings Peers Comparison
Overall Rating
CHCI83Outperform
ARL57Neutral
FRPH54Neutral
TCI53Neutral
STHO47Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 83Outperform | $162.88M | 6.56 | 32.62% | ― | 46.53% | 75.25% | |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| 57Neutral | $371.17M | 48.89 | 1.33% | ― | 6.77% | ― | |
| 54Neutral | $362.85M | -482.20 | -0.17% | ― | 2.57% | -115.75% | |
| 53Neutral | $419.27M | 58.64 | 0.85% | ― | 5.33% | 22.04% | |
| 47Neutral | $93.99M | -2.92 | -13.08% | ― | 2.05% | 76.09% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FRPH | FRP Holdings Inc. | 18.45 | -4.87 | -20.88% | |
| ARL | American Realty Investors, Inc. | 22.93 | 7.83 | 51.85% | |
| CHCI | Comstock Homebuilding | 16.01 | 3.04 | 23.44% | |
| GYRO | Gyrodyne Company Of America | 3.96 | -5.56 | -58.40% | |
| TCI | Transcontinental Realty Investors | 47.95 | 2.44 | 5.36% | |
| STHO | Star Holdings | 7.85 | 0.47 | 6.37% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 06, 2026
